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What does misallocates mean?

Looking for the meaning or definition of the word misallocates? Here's what it means.

Verb
  1. Third-person singular simple present indicative form of misallocate
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The EU's increasing income inequality misallocates the purchasing power that its economy desperately needs for growth and employment.
Inflation not only raises prices, it also misallocates labor.
Critics who claim that the biotech food industry benefits corporate agribusiness and misallocates scientific resources will find plenty of support for their arguments here.
Corruption is seen not as a mere inconvenience, but as a cancer that stifles innovation, misallocates resources, and discourages investment.

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